MGM Mirage second-quarter profit slides
NEW YORK |
NEW YORK Aug 5 (Reuters) - MGM Mirage Inc (MGM.N), the world's second-largest casino operator, said on Tuesday quarterly profit fell as a slower U.S. economy hit spending in Las Vegas.
MGM, which operates resorts including the Bellagio, Mandalay Bay and Circus Circus in Las Vegas, said second-quarter net income fell to $113.1 million, or 40 cents per share, from $360.2 million, or $1.22 per share, in the year-earlier period.
Net income from continuing operations was 40 cents a share in the second quarter, down from 62 cents in the year-ago period. (Reporting by Mark McSherry, with additional reporting by Deena Beasley in Los Angeles)
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